CHATTANOOGA, TN-CBL & Associates Properties Inc. formed a joint venture with PGP Partners Property Group and contributed shopping centers in Texas, Arkansas and Mississippi to the venture.

SUNNY ISLES BEACH, FL-The Related Property Group of Florida plans to build Ocean III at Sunny Isles, FL. The development, with residence prices between the high $400,000s and $2 million, is 80% sold.

FT. LAUDERDALE, FL-The owners of the 77,000-sf retail property couldn't find a bid that exceeded the secret minimum reserve price.

ATLANTA-One week after Beazer Homes USA announced its merger with Indiana-based Crossmann Communities, Moody's Investors Services and Standard & Poor's reaffirmed their credit ratings on Beazer's senior notes and credit line.

ATLANTA-The locally based REIT unloaded two commercial assets in Texas and a residential property in Tampa. The company said it will use the money to pay down debt.

FORT LAUDERDALE, FL-REH Capital Partners, a real estate and hospitality advisory services firm, is launching a Ft. Lauderdale and a Stamford, CT office. Frank Nardozza will head the Ft. Lauderdale office.

MARIETTA, GA-Bob Dickhaus, his firm's founder and chief executive officer, was selected for the Outsourcing World Achievement Award, an event sponsored by PricewaterhouseCoopers and Michael F. Corbett & Associates.

ATLANTA-Due to slow job growth and an abundance of apartments, the growth in Atlanta's apartment market is slow, but poised for a rebound, according to a new study by Marcus & Millichap Real Estate Investment Brokerage Co.